Investment Corporation in Dubai UAE – Investment Corporation of Dubai Contact Details, Telephone Numbers, Website, Address, Location Map, Direction, Photos, Videos, Opening Hours, Email Address, Offers & Deals.
Investment Corporation of Dubai
The Gate Building 7, 5th and 6th Floor, Office 501 and 601, DIFC
PO Box; 333888 Dubia, United Arab Emirates
Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, was established in May 2006 by decree (11) of 2006 under a mandate to consolidate and manage the Government of Dubai’s portfolio of commercial companies and investments. It also provides strategic oversight by developing and implementing investment strategy and corporate governance policies with an objective to maximize stakeholder value, for the long-term benefit of the Emirate.
ICD has a rich portfolio of assets, both locally and internationally, across a broad spectrum of the sectors that form the blueprint of Dubai’s dynamic economy. It has built a strong foundation of key indigenous companies from multiple sectors that Dubai has worked strategically over four decades to achieve dominance in. ICD is now furthering Dubai’s presence and expertise by expanding globally, pursuing an ambitious investment strategy that is disciplined, sustainable, and provides synergy with its existing portfolio. In doing so, ICD is working to safeguard and enhance Dubai’s economic prosperity for future generations.
H.H. SHEIKH MOHAMMED BIN RASHID AL MAKTOUM
Vice President and Prime Minister of the UAE and Ruler of Dubai
MESSAGE FROM THE CHAIRMAN
Dubai is a successful story that echoes in all corners of the globe. It is a convergence point of potentialities and opportunities, and a gateway to the entire world. Dynamic Dubai is built on innovation, creativity, quality and commitment. These pillars have helped Dubai’s ambitious quest towards sustaining excellence and stability across all sectors of the economy, which in turn has transformed the community lifestyle and ushered in a new era of progress and prosperity. Over four decades, Dubai has emerged as the fulcrum between east and west, connecting the major trade routes of Africa, Asia and Europe, and a magnet for global investors. Today, Dubai is a leader in many sectors and stands shoulder to shoulder with the economic powerhouses of the world.
We have placed Dubai’s key assets on one platform under the stewardship of ICD, and mandated it with providing a solid and fertile foundation for our prized companies to grow and prosper. With ICD’s global expansion plans in place, we are confident in ICD’s ability to reinforce its role and mandate, as the engine of Dubai’s future growth.
H.H. Sheikh Mohammed bin Rashid Al Maktoum
In keeping with the emirate’s plan to expand its diverse and innovation-based economy, ICD’s portfolio features high-quality, commercially viable, growth-oriented companies that ensure sustainable returns.
Sector of Investments
– Finance & Investments
– Energy & Industrial
– Real Estate & Construction
– Hospitality & Leisure
– Retail & Other Holdings
ICD builds on the strength of its broad portfolio to map out a strategy that maximizes return on its investments by:
– Enhancing the value of existing portfolio companies through active portfolio management.
– Deploying and recycling capital strategically for new investments and acquisitions, both locally and internationally.
– Studying and selecting opportunities in industries that are either at the centre of – — Dubai’s strategic development plans or complementary to them.
We work to enhance Dubai’s position as a global, competitive economy by investing in opportunities to protect and grow its wealth, and secure a prosperous future for its people.
We aim to achieve our mission while upholding our 5 values
We balance discipline and accountability with boldness and innovation. At ICD, we consistently apply best practice governance standards to fulfil our mission to create long-term value for Dubai.
In managing Dubai’s sovereign wealth, ICD maintains autonomy in the operation of its business and the management of its portfolio investments.
Its Board of Directors comprise five members who are nominated by Emiri decree for a renewable term of three years. Where the Board is not reconstituted upon the expiry of the three years term, the members will continue to perform their duties until they are reappointed or replaced.
ICD’s portfolio companies, are managed by their respective management and supervised by their independent boards of directors. ICD is however committed to promoting efficient and effective corporate governance practices across its portfolio companies.
Investment Corporation of Dubai
Address: The Gate Building 7, 5th and 6th Floor, Office 501 and 601, DIFC
PO Box: 333888 Dubia, United Arab Emirates
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